NCDEX, NCDEX Tips and Trend For Today: 24th March '12

NCDEX Pepper Tips

Pepper prices turned lower in sync with 2.9% decline in Vietnam markets. Turmeric slipped marginally while holding above Rs4,250. pepper prices moved with bears and for the day weakness may continue towards 40000 followed by 39580 levels. NCDEX Pepper Apr contract is looking bullish for its intraday trading session. Now it has a resistance of Rs. 44500 and a support level of Rs. 41000. We suggest that an intraday trader should Buy Pepper on its lower levels.

NCDEX Chana Tips

Chana prices ended lower by 4 percent on fears of a possible government intervention to curb the surge in the prices. In the Delhi spot market, Chana rose 20 rupees to 3,720 rupees per 100 kg. NCDEX Chana Apr contract is looking bullish for its intraday trading session. Now it has a resistance of Rs. 3900 and a support level of Rs. 3680. We suggest that an intraday trader should buy Chana on its lower levels.

NCDEX Jeera Tips

Jeera futures fell to a new contract low due to mounting supplies amid higher estimated production. In Unjha, a key trading market in Gujarat, Jeera fell 12.5 rupees at 12,748.5 rupees per 100 kg. NCDEX Jeera Apr contract is looking bearish for its intraday trading session. Now it has a resistance of Rs. 12450 and a support level of Rs. 11800. We suggest that an intraday trader should Sell Jeera on its higher levels.